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The term "regulatory capture" refers to what happens when regulators swim so close to the companies they regulate that they get snared in those companies' gravitational fields. What results is tolerant, indulgent regulation, or none at all. For a good example, think of banking regulation before 2008. The result of regulators seeing things the banks' way: the 2008 financial crisis and a long, deep recession. Regulatory capture has come up in public discussions three times in recent days: a top banking industry lawyer says it's a "myth"; a top banking regulator says there's still too much of it; and a top securities regulator may have...

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The term "regulatory capture" refers to what happens when regulators swim so close to the companies they regulate that they get snared in those companies' gravitational fields. What results is tolerant, indulgent regulation, or none at all....

Apple Inc., the world's most valuable company, finally will take its place as a member of the elite 30 stocks in the Dow Jones industrial average, starting after trading closes March 18.
The Cupertino, Calif., powerhouse will replace telecommunications...

The auditorium at Torrance City Hall was nearly full Thursday night as several state senators heard testimony related to a Feb. 18 explosion at a nearby oil refinery.
A local resident described her husband entering their house, three miles from Exxon...

RadioShack Corp. filed for Chapter 11 bankruptcy protection Thursday, three days after the New York Stock Exchange began moving to delist the struggling electronics retailer’s shares.
Also Thursday, the company said General Wireless Inc. has agreed to...

The signal from RadioShack Corp., the company that introduced the first mass-market personal computer, is fading after years of heavy losses and the suspension of trading in its shares.The beleaguered retailer, which thrived through decades of changing...

U.S. stocks slumped Tuesday after some of the market's largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. The companies that rattled the market included Microsoft, Caterpillar and...

Coinbase on Monday launched what it describes as the first regulated exchange for bitcoins in the U.S., providing a jolt of credibility to the virtual currency, which has struggled with slumping value and problems at exchanges overseas.
The San Francisco...

USC gave Box Inc. Chief Executive Aaron Levie a spark, but it's Silicon Valley that's enjoying his success.
On Friday, Box went public, issuing shares on the New York Stock Exchange to raise $175 million for the young company.
Shares of Box, priced at...

Online data storage provider Box Inc. was strong out of the gate during its public trading debut Friday morning in the first big Silicon Valley IPO of the year.
Shares of the company were trading at $23.34, up $9.34, or 67%, from its initial...

Box Inc. is expected to make its public trading debut on the New York Stock Exchange on Friday, nearly a year after the online storage company delayed its initial public offering as its business model faced scrutiny.
Pricing its shares at $11 to $13, Box...

Melvin Gordon, who led Tootsie Roll Industries Inc. for more than five decades, died Tuesday in Boston after a brief illness, the company announced. He was 95.
Gordon was chairman and CEO of the Chicago-based confectioner for 53 years, overseeing the...

The U.S. stock market had another solid year.
U.S. stocks ended a strong 2014 with moderate declines Wednesday. Even with the losses, the Standard & Poor's 500 index finished the year with an 11.4 percent increase, its sixth straight year of gains....

There are myriad ramifications to the hacking of Sony's computers and the domino effect of its yanking "The Interview," in the wake of a murky threat from the North Korean cyber underground. Putting it in perspective is Douglas Thomas' turf. The...

U.S stocks inched mostly higher in light trading on Monday as investors shrugged off falling energy prices, a plunging Russian ruble and fears that Greece could renege on its bailout. Stocks wavered throughout the day, with the Dow Jones industrial...

The hacked are itching to hack back.
So say a dozen security specialists and former law enforcement officials who described an intensifying sense of unease inside many companies after the recent breach of Sony Corp.'s networks.
U.S. officials have shown...

Applauding an online lending model that challenges banks, investors rushed to buy LendingClub Corp. shares in the biggest initial public offering by a California company this year.
Lending Club, which uses the Internet to match borrowers with investors...

The online lending challenge to banks exploded on Thursday with the stock market debut of Lending Club Corp., a San Francisco company that harnesses the Internet to help investors provide personal loans to consumers.
Lending Club raised $870 million in...

William "Billy" Salomon, who oversaw the growth of the Salomon Bros. bond trading house cofounded by his father into a Wall Street giant, died Sunday at his home in New York. He was 100.
He had a gradual decline in health leading to his...

The New York Stock Exchange is working to marshal Wall Street support for a plan that would overhaul features of the U.S. stock market that have drawn criticism from investors in the last year.
A draft proposal circulated by the NYSE among investors...

Security flaws on sites operated by e-commerce giant Alibaba may have exposed the personal information of millions of users and merchants, two Israeli cyber security analysts say.
Two separate vulnerabilities, discovered by two different security...